The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-31
CONDITION OF THE MARKETS
Firmness Abroad Causes All Commodi-
ties TO Assume Bullish Tendency.
Enormous Transactions in Wheat, Accompa-
MED By Small but Frequent Fluctuations
Corn and Oats Also in Large Demand.
MONEY, BONDS AND STOCKS.

An Excessively Dull Market, the Changes Be-
ing Irregular and Confined to Fractions.
NEW YORK. Dee. 30-Noney cali was
frmer at ) to 10 per cent, the last loan being
made at 6: closing offered at G.
Prime mercantile paper. g. Il per cent.
Sterling exchange was dull but steady at
s4.62s for sixty-day bills, and 81 So for de-
mand.
Tins total sales Of stocks to-day were 127. COS
shares including the following: Delaware
Lackawanna d Western, 800; Lake Shore.
1l,075; Missouri Pacific. 4.505; Northwestern,
$3.50; Reading. $1,000; Richmond & West Point,
$685.; St. Paul. 15.772; Union Pacific, 195O7
Western Union. 764+
The stock market was excessively dull to-day,
owing to the general indis postum among opera
tors to trade over a three-days' holiday, TO
which was added the uncertainry regarding the
outcome of the strike on the Reading. The lat
ter which would ordinarily be depressing in
fuerce failed of its effect by reason of the gen
eral confidence that no block In the business of
the road would occur. The trading to-day was
of the smallest retail character, and, beyond
the Reading and Vanderbilfs, possessed
no significance whatever. The impression
became general before the opening
Of business that the dividends would
rot be increased. and,a rather heavy opening
resulted. bnt prices rallied. and after the an
nouncemeut of the dividends, the only sales
were those OF traders, who had chung to the idea
awaana also. bat the nsignificance of the move
ment may be inferred from the fact that only
one stock to-day fuctuated widely as ] per
cant Union Pacific a feature, and became
strong on the renewed of the rumor that Con-
cress would probably take action favorable to
the com pany. New England. Western Union
and Rich rnond & West Point all
firm at times. and toward the
dealings were enliyeued by a sharp squirt
IN Manitoba. which, however. soon sank into
duilness again. the advance being lost though
it aftsrvard regained portion OF it. The open
ing was heavy at declines extending to ! per
cent. but the market was very dull, prices were
Quickly rallied. and before fractional
Advances had been established in nearly all the
active list The disappointment over the Van
derbilt dividends checked the advance and then
sagged the list off until the early gains had been
generally neutralized. The market then
became stagnant and remained without
movement or feature for the rest
Of the day. closing dull and steady at close
TO tie opening prices. The final changes ir-
regular and confined to fractions only. the most
Important being declines of in Lake Shore and
Canada Southern, and in G.. @. G. & l., the
Others being for from to per cent. only.
Manitoba wac exception, with gain of II
per cent.
Railroad bonds were dull, and most issues
fractionaly higher tonight sales only 1886. 900.
St Paul gold rose 3. 70 $50; Ohio Southern frsts
lost 2 at 100.
Government bonds we;e dull and steady.
State bonds were entirely neglected Closing
fafio